Which One of the Following Is an Advantage of Lean

question 160

Multiple Choice

Which one of the following is an advantage of lean systems?

• A) Lean systems reduce equipment needs by using larger lot sizes.
• B) Lean systems can be implemented in any production environment.
• C) Lean systems result in a decrease in safety stock and work-in-process inventory.
• D) Lean systems result in an increase in manufacturing lead times.

Distinguish between volume-based and non-volume based cost drivers in traditional costing systems.

Analyze misconceptions about manufacturing overhead costs and their presence in service firms.

Evaluate the implications of using different cost allocation methods, including the direct method and its limitations.

Understand the principles and rationale behind support department cost allocations.

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